2022 Q4 Form 10-Q Financial Statement

#000155837022016408 Filed on November 04, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3
Revenue $27.72M $21.47M
YoY Change 31.56% 5.07%
Cost Of Revenue $4.226M $3.880M
YoY Change 22.49% 25.0%
Gross Profit $23.49M $17.59M
YoY Change 33.34% 1.51%
Gross Profit Margin 84.75% 81.93%
Selling, General & Admin $3.874M $3.919M
YoY Change 11.0% 5.66%
% of Gross Profit 16.49% 22.28%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $6.063M $5.970M
YoY Change 4.95% 6.68%
% of Gross Profit 25.81% 33.93%
Operating Expenses $9.937M $13.77M
YoY Change 7.23% 10.96%
Operating Profit $13.55M $11.77M
YoY Change 62.32% 26.47%
Interest Expense -$4.651M $4.367M
YoY Change 4.49% 0.05%
% of Operating Profit -34.32% 37.11%
Other Income/Expense, Net $6.000K $17.00K
YoY Change 50.0% -97.49%
Pretax Income $8.907M $7.221M
YoY Change 36.34% 16.24%
Income Tax
% Of Pretax Income
Net Earnings $8.883M $7.204M
YoY Change 36.51% 18.9%
Net Earnings / Revenue 32.05% 33.55%
Basic Earnings Per Share $0.42 $0.34
Diluted Earnings Per Share $0.42 $0.34
COMMON SHARES
Basic Shares Outstanding 21.07M 21.10M
Diluted Shares Outstanding 20.41M 20.42M

Balance Sheet

Concept 2022 Q4 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.718M $11.58M
YoY Change -58.44% -15.73%
Cash & Equivalents $6.718M $11.58M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $16.08M $15.29M
Other Receivables $0.00 $0.00
Total Short-Term Assets $22.80M $26.86M
YoY Change -25.24% -4.77%
LONG-TERM ASSETS
Property, Plant & Equipment $706.5M $693.4M
YoY Change 4.35% 2.43%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $10.40M $10.31M
YoY Change 2.24% 1.29%
Other Assets $23.76M $17.20M
YoY Change 62.59% 13.69%
Total Long-Term Assets $760.5M $740.5M
YoY Change 5.26% 2.31%
TOTAL ASSETS
Total Short-Term Assets $22.80M $26.86M
Total Long-Term Assets $760.5M $740.5M
Total Assets $783.3M $767.3M
YoY Change 4.02% 2.04%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $19.27M $18.21M
YoY Change 1.46% -10.61%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $28.96M $27.83M
YoY Change 1.84% -6.58%
LONG-TERM LIABILITIES
Long-Term Debt $426.2M $413.7M
YoY Change 4.51% 1.8%
Other Long-Term Liabilities $11.13M $10.56M
YoY Change 6.9% -1.33%
Total Long-Term Liabilities $437.4M $424.3M
YoY Change 4.57% 1.72%
TOTAL LIABILITIES
Total Short-Term Liabilities $28.96M $27.83M
Total Long-Term Liabilities $437.4M $424.3M
Total Liabilities $466.3M $452.1M
YoY Change 4.4% 1.17%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $346.3M $343.9M
YoY Change 0.94% 1.21%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $316.0M $314.3M
YoY Change
Total Liabilities & Shareholders Equity $783.3M $767.3M
YoY Change 4.02% 2.04%

Cashflow Statement

Concept 2022 Q4 2022 Q3
OPERATING ACTIVITIES
Net Income $8.883M $7.204M
YoY Change 36.51% 18.9%
Depreciation, Depletion And Amortization $6.063M $5.970M
YoY Change 4.95% 6.68%
Cash From Operating Activities $9.377M $11.03M
YoY Change -21.86% 16.87%
INVESTING ACTIVITIES
Capital Expenditures $12.37M -$1.106M
YoY Change -235.99% -88.89%
Acquisitions
YoY Change
Other Investing Activities -$198.0K $7.673M
YoY Change -103.6% -2.24%
Cash From Investing Activities -$12.57M $6.567M
YoY Change 249.61% -411.23%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.470M -23.70M
YoY Change -76.19% 147.28%
NET CHANGE
Cash From Operating Activities 9.377M 11.03M
Cash From Investing Activities -12.57M 6.567M
Cash From Financing Activities -1.470M -23.70M
Net Change In Cash -4.665M -6.104M
YoY Change -309.1% 170.57%
FREE CASH FLOW
Cash From Operating Activities $9.377M $11.03M
Capital Expenditures $12.37M -$1.106M
Free Cash Flow -$2.997M $12.14M
YoY Change -114.2% -37.43%

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CY2021Q1 olp Increase In Non Controlling Interest Balance From Payment Of Dividends Or Other Contributions
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CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
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ProfitLoss
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us-gaap Profit Loss
ProfitLoss
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olp Gain Loss On Sale Of Property Cash Flow Impact
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olp Gain Loss On Sale Of Property Cash Flow Impact
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us-gaap Straight Line Rent
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us-gaap Amortization Of Above And Below Market Leases
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us-gaap Income Loss From Equity Method Investments
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us-gaap Depreciation Depletion And Amortization
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us-gaap Amortization Of Financing Costs
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olp Payments To Brokers For Commissions Classified As Operating Activities
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olp Payments To Brokers For Commissions Classified As Operating Activities
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us-gaap Increase Decrease In Operating Assets
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us-gaap Increase Decrease In Operating Liabilities
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us-gaap Net Cash Provided By Used In Operating Activities
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olp Contributions To Ground Leased Variable Interest Entity Property
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olp Contributions To Ground Leased Variable Interest Entity Property
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us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
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us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
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us-gaap Proceeds From Insurance Settlement Investing Activities
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us-gaap Proceeds From Insurance Settlement Investing Activities
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97000
us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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olp Payments Of Amortization Of Mortgages Payable
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olp Payments Of Amortization Of Mortgages Payable
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us-gaap Repayments Of Secured Debt
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us-gaap Repayments Of Secured Debt
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us-gaap Proceeds From Issuance Of Secured Debt
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olp Proceeds From Issuance Of Common Stock Net
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olp Proceeds From Issuance Of Common Stock Net
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us-gaap Proceeds From Long Term Lines Of Credit
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us-gaap Proceeds From Long Term Lines Of Credit
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us-gaap Payments To Minority Shareholders
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us-gaap Payments Of Dividends Common Stock
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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16666000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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13564000
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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11942000
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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us-gaap Interest Paid Net
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us-gaap Interest Paid Net
InterestPaidNet
14546000
olp Non Cash Investing Activities Purchase Accounting Allocation Intangible Lease Assets
NonCashInvestingActivitiesPurchaseAccountingAllocationIntangibleLeaseAssets
2816000
olp Non Cash Investing Activities Purchase Accounting Allocation Intangible Lease Assets
NonCashInvestingActivitiesPurchaseAccountingAllocationIntangibleLeaseAssets
1758000
olp Non Cash Investing Activities Purchase Accounting Allocation Intangible Lease Liabilities
NonCashInvestingActivitiesPurchaseAccountingAllocationIntangibleLeaseLiabilities
-1152000
olp Non Cash Investing Activities Purchase Accounting Allocation Intangible Lease Liabilities
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CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2022Q3 olp Restricted Cash Included In Escrow Deposits And Other Assets And Receivables
RestrictedCashIncludedInEscrowDepositsAndOtherAssetsAndReceivables
363000
CY2021Q3 olp Restricted Cash Included In Escrow Deposits And Other Assets And Receivables
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695000
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
11942000
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
14435000
CY2021Q3 olp Operating Lease Variable Lease Income Excluding Amortization Related To Lease Intangible Assets And Liabilities
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2581000
olp Operating Lease Variable Lease Income Excluding Amortization Related To Lease Intangible Assets And Liabilities
OperatingLeaseVariableLeaseIncomeExcludingAmortizationRelatedToLeaseIntangibleAssetsAndLiabilities
8774000
olp Operating Lease Variable Lease Income Excluding Amortization Related To Lease Intangible Assets And Liabilities
OperatingLeaseVariableLeaseIncomeExcludingAmortizationRelatedToLeaseIntangibleAssetsAndLiabilities
8230000
CY2022Q3 olp Operating Lease Lease Income Excluding Amortization Related To Lease Intangible Assets And Liabilities
OperatingLeaseLeaseIncomeExcludingAmortizationRelatedToLeaseIntangibleAssetsAndLiabilities
21253000
CY2021Q3 olp Operating Lease Lease Income Excluding Amortization Related To Lease Intangible Assets And Liabilities
OperatingLeaseLeaseIncomeExcludingAmortizationRelatedToLeaseIntangibleAssetsAndLiabilities
20183000
us-gaap Nature Of Operations
NatureOfOperations
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt 0pt 12pt 0pt;"><b style="font-weight:bold;">NOTE 1 – ORGANIZATION AND BACKGROUND</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-indent:36pt;margin:0pt;"><span style="white-space:pre-wrap;">One Liberty Properties, Inc. (“OLP”) was incorporated in 1982 in Maryland. OLP is a self-administered and self-managed real estate investment trust (“REIT”). OLP acquires, owns and manages a geographically diversified portfolio consisting primarily of industrial and retail properties, many of which are subject to long-term net leases. As of September 30, 2022, OLP owns </span>118 properties, including three properties owned by consolidated joint ventures and three properties owned by unconsolidated joint ventures. The 118 properties are located in 31 states.</p>
CY2022Q3 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
118
CY2022Q3 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
118
CY2022Q3 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
31
CY2022Q3 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
57942000
CY2022Q3 us-gaap Lessor Operating Lease Payments To Be Received Four Years
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CY2022Q3 olp Unconsolidated Joint Venture Variable Interest Entity Number Of Entities
UnconsolidatedJointVentureVariableInterestEntityNumberOfEntities
0
CY2022Q3 olp Joint Venture Recourse Debt
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0
CY2022Q3 olp Operating Lease Lease Income Lease Payments Excluding Amortization Related To Lease Intangible Assets And Liabilities
OperatingLeaseLeaseIncomeLeasePaymentsExcludingAmortizationRelatedToLeaseIntangibleAssetsAndLiabilities
18339000
CY2021Q3 olp Operating Lease Lease Income Lease Payments Excluding Amortization Related To Lease Intangible Assets And Liabilities
OperatingLeaseLeaseIncomeLeasePaymentsExcludingAmortizationRelatedToLeaseIntangibleAssetsAndLiabilities
17602000
olp Operating Lease Lease Income Lease Payments Excluding Amortization Related To Lease Intangible Assets And Liabilities
OperatingLeaseLeaseIncomeLeasePaymentsExcludingAmortizationRelatedToLeaseIntangibleAssetsAndLiabilities
55085000
olp Operating Lease Lease Income Lease Payments Excluding Amortization Related To Lease Intangible Assets And Liabilities
OperatingLeaseLeaseIncomeLeasePaymentsExcludingAmortizationRelatedToLeaseIntangibleAssetsAndLiabilities
52502000
CY2022Q3 olp Operating Lease Variable Lease Income Excluding Amortization Related To Lease Intangible Assets And Liabilities
OperatingLeaseVariableLeaseIncomeExcludingAmortizationRelatedToLeaseIntangibleAssetsAndLiabilities
2914000
olp Operating Lease Lease Income Excluding Amortization Related To Lease Intangible Assets And Liabilities
OperatingLeaseLeaseIncomeExcludingAmortizationRelatedToLeaseIntangibleAssetsAndLiabilities
63859000
olp Operating Lease Lease Income Excluding Amortization Related To Lease Intangible Assets And Liabilities
OperatingLeaseLeaseIncomeExcludingAmortizationRelatedToLeaseIntangibleAssetsAndLiabilities
60732000
CY2022Q3 us-gaap Amortization Of Above And Below Market Leases
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-220000
us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-617000
CY2021Q3 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-166000
us-gaap Amortization Of Above And Below Market Leases
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-606000
CY2022Q3 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
17731000
CY2022Q3 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
70266000
CY2022Q3 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
62228000
CY2022Q3 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
45287000
CY2022Q3 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
160427000
CY2022Q3 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
467525000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
126000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
507000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
557000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
626000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
627000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
629000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
5591000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
8663000
CY2022Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1667000
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
6996000
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
111000
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
154000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
135586
olp Common Shares Not Included Attributable To Share Based Payment Arrangements Due To Applicable Metrics
CommonSharesNotIncludedAttributableToShareBasedPaymentArrangementsDueToApplicableMetrics
105490
olp Incremental Common Shares Attributable To Share Based Payment Arrangements Underlying Shares
IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsUnderlyingShares
230752
olp Incremental Common Shares Attributable To Share Based Payment Arrangements Due To Return On Capital Metric
IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsDueToReturnOnCapitalMetric
98401
olp Incremental Common Shares Attributable To Share Based Payment Arrangements Due To Stockholder Return Metric
IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsDueToStockholderReturnMetric
92748
CY2022Q3 us-gaap Profit Loss
ProfitLoss
7221000
CY2021Q3 us-gaap Profit Loss
ProfitLoss
6212000
us-gaap Profit Loss
ProfitLoss
33346000
us-gaap Profit Loss
ProfitLoss
32501000
CY2022Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
17000
CY2021Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
153000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
52000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
151000
CY2022Q3 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
320000
CY2021Q3 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
318000
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
1134000
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
1108000
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
6884000
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
5741000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
32160000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
31242000
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20340000
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20115000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20361000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20044000
CY2022Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
76000
CY2021Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
158000
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20416000
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20273000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20472000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20198000
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.34
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.29
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.58
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.56
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.34
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.28
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.57
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.55
olp Incremental Common Shares Attributable To Share Based Payment Arrangements Underlying Shares
IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsUnderlyingShares
241076
olp Incremental Common Shares Attributable To Share Based Payment Arrangements Due To Return On Capital Metric
IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsDueToReturnOnCapitalMetric
98073
olp Incremental Common Shares Attributable To Share Based Payment Arrangements Due To Stockholder Return Metric
IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsDueToStockholderReturnMetric
37513
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
191149
olp Common Shares Not Included Attributable To Share Based Payment Arrangements Due To Applicable Metrics
CommonSharesNotIncludedAttributableToShareBasedPaymentArrangementsDueToApplicableMetrics
39603
CY2022Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.45
CY2022Q3 us-gaap Dividends Common Stock
DividendsCommonStock
9460000
olp Percentage Of Discount On Common Stock Purchased Through Dividend Reinvestment Plan
PercentageOfDiscountOnCommonStockPurchasedThroughDividendReinvestmentPlan
0.03
CY2022Q3 us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
40000
us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
51000
us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
31000
CY2021Q3 us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
31000
CY2022Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
931000
CY2021Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
-31000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
2886000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
722000
CY2021Q3 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-348000
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-485000
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-1937000
olp Number Of Properties Sold
NumberOfPropertiesSold
2
us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
1001000
CY2021Q4 olp Accrued Interest Payable On Derivatives In Liability Position
AccruedInterestPayableOnDerivativesInLiabilityPosition
84000
CY2021Q4 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
1632000
CY2021Q4 us-gaap Assets Needed For Immediate Settlement Aggregate Fair Value
AssetsNeededForImmediateSettlementAggregateFairValue
1632000
CY2022Q3 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
0
CY2021Q1 olp Fee Income Lease Split And Assignment Agreement
FeeIncomeLeaseSplitAndAssignmentAgreement
100000
CY2021Q1 olp Number Of Properties Included In Lease Split And Assignment Agreement
NumberOfPropertiesIncludedInLeaseSplitAndAssignmentAgreement
6

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